News Briefs for December 15, 2016December 15, 2016
•Anheuser-Busch InBev has agreed to sell its 26.4% stake in South Africa’s Distell, gained in its $100 billion acquisition of SABMiller, in a move the country’s regulators mandated in order to clear the SABMiller deal. The stake, which is worth about $645 million, is set to be sold to government-owned pension fund Public Investment Corp. Distell’s top shareholder remains Remgro-Capevin Investments, with a 52.8% share. Remgro-Capevin has pre-emptive rights to the ABI stake, but has confirmed it will allow the sale to Public Investment Corp. A year ago, Distell teamed with Terlato Wine Group on a spirits joint venture in the U.S. Distell’s brands include Amarula cream liqueur, Bain’s Cape Mountain whisky, Bisquit Cognac and the Burn Stewart Scotch whisky portfolio, among others.
•Whisky Advocate has named William Grant & Sons Rare Cask Reserves Ghosted Reserve 21 Year Old as its Blended/Blended Malt Whisky of the Year. The Ghosted Reserve 21 Year Old is 42.8% abv and retails at $140 a bottle. Whisky Advocate is announcing its annual award winners from across 11 different whisky segments one day at a time on its blog through December 19. The awards will culminate with the naming of a Lifetime Achievement honoree on December 20 and the Distiller of the Year announcement on December 21.
•The Macallan is set to unveil a new limited edition 40-year-old whisky in its Sherry Oak range. The 45%-abv offering is hitting the U.S. market in a supply of 70 bottles, retailing at $8,000 each, out of a global release of 500 bottles. In recent days, Edrington also launched The Macallan Edition No. 2, ($90), the second installment in an annual series of limited whiskies, which was matured in seven different cask types from four different Spanish bodegas and cooperages.Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.
Tagged : ABI, Amarula, Bain's Cape Mountain, Bisquit Cognac, Burn Stewart, Distell, Edrington, Public Investment Corp, Remgro-Capevin Investments, SABMiller, Terlato Wine Group, The Macallan, William Grant & Sons